Absolutely Net Lease Sample Clauses
Absolutely Net Lease a. This Lease is an absolutely net lease and (except as expressly provided in this Lease), any present or future law to the contrary notwithstanding, or any failure to commence or complete construction or thereafter operate the Parking Facility, shall not terminate nor shall Lessee be entitled to any abatement, reduction, setoff, counterclaim, defense or deduction with respect to any Basic Rent, Supplemental Rent, Additional Rent or other sum payable hereunder, except as provided in Section 6 hereof.
b. Lessee shall remain obligated under this Lease in accordance with its terms and shall not take any action to terminate, rescind or avoid this Lease, notwithstanding any bankruptcy, insolvency, reorganization, liquidation, dissolution or other proceeding affecting Lessor or any assignee of Lessor or any action with respect to this Lease which may be taken by any trustee, receiver or liquidator or by any court. Except as specifically provided herein, Lessee waives all rights to terminate or surrender this Lease, and to any abatement or deferment of Basic Rent, Supplemental Rent, Additional Rent or other sums payable hereunder.
Absolutely Net Lease. The parties understand and agree that this Lease is deemed an absolutely net lease wherein Tenant shall pay and be responsible for all premises expenses and operating costs including, without limitation, all present and future costs of any kind paid or incurred in operating, cleaning, equipping, protecting, lighting, repairing, heating, air-conditioning and maintaining the premises.
Absolutely Net Lease. NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, TENANT ACKNOWLEDGES AND AGREES THAT THIS LEASE IS STRUCTURED ON AN ABSOLUTELY NET BASIS TO LANDLORD. LANDLORD SHALL HAVE NO OBLIGATION TO PAY ANY EXPENSES OR COSTS WITH RESPECT TO THE LEASED PREMISES AND ITS OPERATION (WHICH COSTS AND EXPENSES ARE THE SOLE RESPONSIBILITY OF TENANT) EXCEPT THAT LANDLORD WILL BE RESPONSIBLE FOR DEBT SERVICE ON ANY MORTGAGE ENTERED INTO BY LANDLORD ON THE LEASED PREMISES.
Absolutely Net Lease